Raymond up 10%

Raymond shares hit the 10 per cent circuit to close at Rs 204.85 on getting the company’s board nod for a foray into real estate business. The proposal would need to seek the shareholders nod and statutory compliances.

The stock opened at Rs 187 and subsequently made a low of Rs 186.1 before touching the day’s high at Rs 186.1. Total trading volumes stood at 4.68 lakh shares vis-a-vis two-week average of 1.43 lakh shares. The stock made a 52-week high of Rs 204.85 and a low of Rs 68.1.